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Mahindra Logistics and Ascendas-Firstspace – an industrial real estate developer announced today, setting up of a new one million square feet of multi-client warehouse park in Talegaon, Pune. With comprehensive connectivity, the entire development will be spread over three phases with the first phase of 0.5 million sq. ft. to be operational by the end of
2023-24.
At the Ascendas-Firstspace Pune Talegaon-II Logistics Park, spread over 40-acres, this is the second project in the micro-market of Ascendas-Firstspace. Talegaon-II is part of the Chakan Talegaon Industrial Corridor (CTIC), which is one of the most important manufacturing clusters in India. The area has been a traditional manufacturing base for large auto,
engineering, and electronics companies. The CTIC corridor is currently witnessing significant growth on account of the success of the Make in India program.
For Mahindra Logistics, this will be an important part of MLL's pan-India network of multiuser facilities, in a strategic industrial cluster. In addition to A-grade warehousing capacity of one million square feet, the facility will also host MLL's first Automation Technology Centre that focuses on development and deployment of automation technologies on Artificial
Intelligence, Internet of Things (IoT), Robotics & Automation, ARVR, AGVs and Block-Chain.
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